Why Intel Stock Is Sinking Today
Shares of Intel (NASDAQ: INTC) are falling on Tuesday. The stock lost 4.1% as of 12:20 p.m. ET, but was down as much as 6.2% earlier in the day. The drop comes as the S 500 (SNPINDEX: ^GSPC) slipped 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.4%.
Intel saw its shares fall in the midst of escalating trade tensions, as well as news that officials had no knowledge of a possible deal with Taiwan Semiconductor that had helped boost Intel's stock earlier in the month.
The chipmaker, which has struggled to keep pace with rivals in the all-important artificial intelligence (AI) market, has been at the center of several possible deals that could transform the company. Chief among these is a deal that would see Intel's manufacturing arm spun off into a separate entity overseen by the world's leading fabricator, Taiwan Semiconductor.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.19 € for Intel Corp., so the potential is actually -5.36%.
